Spend management · for finance, procurement & market data teams
Market data spend management,
desk by desk.
Market data spend management is the practice of keeping one accurate, allocated view of everything a firm pays for market data (vendor contracts, terminals, feeds, and exchange services) tied to the desks, legal entities, and applications that use them, so every cost can be justified, charged back, and challenged at renewal. Firmfact pulls contracts, invoices and subscriptions into one place, allocates each cost to the desk that incurred it, and shows which spend is used and which is not, before the renewal, not after.
What it does
From total cost to the desk that incurred it
Total-cost visibility
Every market data cost in one view (by vendor, department, and user), reconciled against invoices, so the number finance sees is current, not a quarter-end estimate.
Allocation and chargeback
An expense allocation system that ties cost to contracts, products, users and legal entities, so chargebacks come from the allocations instead of a spreadsheet rebuilt each month.
Spend you can question
Surface contracted seats nobody is assigned to, securities charged on more than one Bloomberg Data License account, and renewals coming due, before the invoice, not after.
Reporting for the CFO
Multi-currency reporting a group can consolidate, with the workings behind every figure: the defensible view a CFO can take into a budget review.
Why it matters
The detail is gone by the time finance sees the number
Market data is one of the larger line items on a trading floor, and one of the hardest to pin down. Subscriptions accrete across desks, contracts renew automatically, and the same data is often bought twice through different vendors. Once the cost reaches finance as a single number, nobody can question it line by line.
Getting that detail back means knowing which contracted seats nobody is assigned to, which securities are charged more than once and which renewals are close with nobody yet reviewing the usage behind them. Firmfact keeps the cost and the usage together, so the questions worth asking are visible while there is still time to act on them.
Part of the platform
Spend sits on the same facts
Spend management, answered
What is market data spend management?
Keeping one accurate, allocated view of what an organisation pays for market data, and holding every cost accountable to the desk, entity or application that incurs it. For a bank or asset manager that means every vendor contract, invoice and subscription in one place. Firmfact replaces spreadsheet tracking with a single source of fact, so spend is visible, allocated and open to question rather than reconstructed each month.
How does firmfact allocate market data costs?
Firmfact works as an expense allocation system: it ties cost to contracts, products, users, departments and legal entities, so you can allocate by desk, project or entity and split shared subscriptions across the teams that consume them. Chargebacks are produced from the allocations, with the workings kept for finance to defend.
How does spend optimisation work?
It starts with visibility. Firmfact shows the contracted seats nobody is assigned to, Bloomberg Data License securities charged on more than one account, and the renewals coming up, so you can question the spend before a renewal locks it in for another year. The judgement stays yours.
Can firmfact report market data spend in multiple currencies?
Yes. Firmfact supports multi-currency reporting, so a group with entities in several countries can consolidate market data spend into one view without rebuilding conversions by hand.
How is this different from a general procurement or FinOps tool?
General spend tools are not built for the shape of market data: vendor entitlements, subscriber counts, exchange feeds, usage rights and per-application licensing. Firmfact is built for that shape, so allocation and review reflect how market data is actually bought and used rather than a generic cost line.
See every market data cost, and the desk behind it
Start for free, with no trial clock. Signup includes a Production account for real setup and a Demo workspace with clearly marked sample data.